VMS

Reorgnisation and Recovery

PPCF had an ongoing engagement with VMS when a shortfall in orders from a significant customer led to underperformance against business plan. The bank appointment advisers who recommended an insolvency process.

PPCF on behalf of the company was able to challenge the report recommendations and prepare its own analysis of alternative options available. PPCF secured the extension of the Bank's support for the business which has recovered strongly justifying the continued commitment of the Bank.